Insurance
Facultative Reinsurance — Single Risk Certificate
Ceding a specific large commercial property risk on a facultative (case-by-case) basis.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Facultative Reinsurance Premium (Expense) | Expense (+) | 8,000.00 | - |
| Reinsurance Payable (Facultative) | Liability (+) | - | 8,000.00 |
💡 Accountant's Note
Facultative reinsurance is placed risk-by-risk when the risk exceeds treaty limits or requires specialist reinsurer expertise. Each certificate is a separate contract, more expensive than treaty but provides targeted capacity.
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